EP Equipment to Accelerate Lithium Forklift Truck Innovation By Developing Strategic Partnership With Sinovation Ventures.
The strategic investment partnership was signed in Beijing between Jinhui He, Founder and President of EP Equipment and Dr. Kai-Fu Lee, Chairman and CEO of Sinovation Ventures.
The president of EP believes this strategic partnership will revolutionise the material handling industry through pioneering AI technology. The Chairman of Sinovation Ventures said, “we are delighted to enter into this strategic investment partnership with EP Equipment. From my prediction, AI is the next enabling technology which will gradually penetrate each and every industry, like Internet and electricity. Manufacturing is particular challenging given it involves heavy-duty equipment, parts, and goods that require new generation of AI programs, AMRs and robotic technologies. It is really exciting to see the technology being applied in the traditional material handling industry to revolutionise how things are being moved. We are honoured to invest in EP Equipment. Together we expect to uncover more areas of innovations between a leader in the material handling sector and our AI expertise”.
The strategic investment by Sinovation Ventures is another defining driver in EPs 10-year business goal to become a one-stop-provider for material handling products, energy storage as well as human-robot symbiotic collaboration.
EP Equipment will engage with different resources provided by Sinovation Ventures to pioneer AI equipped material handling equipment. The company will focus on developing simple, reliable and revolutionary low-cost robots to change the workforce, free up time for operators and ensure operators’ safety when implementing human-robot collaboration.
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